What's Going On With Lululemon Athletica Shares Wednesday?
Portfolio Pulse from Dylan Berman
Lululemon Athletica (NASDAQ:LULU) shares are trading lower ahead of the company's earnings release for the 2024 fiscal-year first quarter. Analysts expect EPS of $2.39 and revenue of $2.2 billion. Last quarter, Lululemon beat expectations with an adjusted EPS of $5.29 and revenue of $3.20 billion.
June 05, 2024 | 2:52 pm
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Lululemon Athletica shares are trading lower ahead of the company's Q1 earnings release. Analysts expect EPS of $2.39 and revenue of $2.2 billion. Last quarter, Lululemon beat expectations.
The stock is trading lower ahead of the earnings release, indicating investor caution. Despite previous earnings beats, the market is likely reacting to uncertainty about whether Lululemon can continue to exceed expectations.
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